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Eco
“Smart Money” digital wallet
- 501-1000 employees
- Fintech
- B2C
- Cryptocurrency
- Personal finance
- Credit cards
- Financial Services
- SaaS
- Blockchain
- Web 3.0
- SoMa, San Francisco, CA
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Company mission
To create the first consumer fintech product whose creators are aligned with its users.
17% employee growth in 12 months
Our take
With traditional bank accounts, the idea of spending and saving at the same time is illogical, it tends to be either one or the other. Eco is a crypto platform that theoretically allows users to do both simultaneously.
The company aims to combine checking accounts, credit cards, and money sending platforms such as PayPal into one finance app, and offers big incentives for people signing up. It provides users the opportunity to earn cashback on their spending, as well as earn significant interest on their balance.
Millions of dollars were deposited during the company’s successful alpha testing phase, and the Eco app is now available to the public. While Eco is making headlines, it's not the only crypto platform that offers rewards, with Lolli looking like an early direct competitor. However, Eco is maintaining its edge through partnerships with the likes of Zero Hash, enabling it to offer USDC stablecoin-backed rewards, expanding Eco's remit.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Annual company retreats and regular co-working opportunities in different cities throughout the US
- 401(k) plan with company match
- Fully remote organization that allows you to work anywhere in the US or Canada
- Fully offset carbon footprint provided through our partnership with Klima Infinity (Eco as a company is carbon neutral!)
- 100% employer-sponsored medical, vision and dental coverage for you, your spouse and your dependents
- Unlimited vacation and flexible work culture
- Work-from-home stipend, monthly wellness allowance, and annual learning & development allowance
Funding (2 rounds)
Jul 2021
$60m
EARLY VC
Mar 2021
$26m
EARLY VC
Total funding: $86m
This company has top investors
Leadership
J Henry Ault
(President)In addition to Eco, cofounded AK Ventures in 2015 with Joey Krug, investing in companies like Findigs, Seated, Fount, and Revvo. They studied Linguistics and Math and Computer Science at Emory.
Ryne Sax
(COO)Previously held roles throughout corporate law, foreign development and nonprofit administration, and research science. They studied Physics and Math at the University of Alabama, and Law at Stanford.
Andy Bromberg
(CEO)Previously Co-founder and President of CoinList, a leading platform for token sales, trading, and other financial services for the best digital asset projects. Co-founded the Stanford Bitcoin Group.